The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Thursday announced a settlement with PT Bukit Muria Jaya (BMJ), an Indonesia-based paper products manufacturer, for lapses in its compliance procedures that led to 28 apparent violations of North Korea sanctions.
BMJ will pay approximately $1.02 million for allegedly directing payments related to its exportation of cigarette paper to the Democratic People’s Republic of Korea (DPRK). This caused U.S. banks to clear wire transfers related to these exports between March 2016 and May 2018, including shipments made to a blocked North Korean person, according to OFAC.
